**Deal Announcement: BRiC Partnership was acquired by RTM Engineering Consultants
BRiC Partnership ("BRiC") is a leading Illinois-based engineering firm established in 2002. The Company has 42 employees in four offices located in Belleville,IL, Springfield, IL, St. Louis, MO, and Evansville, IN. BRiC provides mechanical, electrical, plumbing / fire protection, information technology systems design and construction administration services to higher education, government, secondary/elementary education, healthcare, commercial, corrections, office buildings, and physical plant clients; it also provides commissioning and retro-commissioning services.
For more information about BRiC, visit https://www.bricpartnership.com/
RTM Engineering Consultants is a national engineering consulting firm offering services in mechanical, electrical, plumbing, civil engineering, fire protection, technology, and commissioning. The Company has an extensive set of capabilities that allows it to deliver superior work on industrial, commercial, and retail builds as well as other complex building types such as healthcare and laboratory facilities. RTM's expanded team of 250+ engineering professionals, now located in 17 offices across the country and licensed in all 50 states, provides "national resources and local relationships" to its growing client base of architects, developers, and owners. RTM press release: https://rtmec.com/expanding-our-reach-in-the-midwest
Blackcastle Partners acted as an exclusive advisor to BRiC Partnership. The transaction closed in mid-May, 2022; the terms of the deal were not disclosed. Blackcastle Partners is a mergers and acquisitions (M&A) advisory firm providing consulting services to AEC clients in the United States and Canada. Our mission is to help business owners achieve their exit or growth objectives while creating greater opportunities for all shareholders and employees. Blackcastle's experienced advisory team has completed numerous merger and acquisition transactions and has an established network of strategic and private equity buyers. For more information about us and our services, please visit our website at blackcastlepartners.com
Interested in exploring your M&A options?
We are seeking sell-side mandates with the following criteria:
- Revenues: $2 million - $100 million
- EBITDA: $0.5 million - $15 million
- Architecture / Interior Design
- Construction/Project Management
- Environmental Services
- Fire and safety Eng.
- Geotechnical Eng.
- Highways and Bridges Eng.
- Land Development
- Landscape Architecture
- Mechanical Electrical Plumbing (MEP) Eng.
- Planning Services
- Program Management
- Structural Eng.
- Transportation / Infrastructure Eng.
- Water and Wastewater Eng.
- United States
- Sustainable profit margins
- Compelling growth opportunities
- Competitive advantages
- Owner(s) seeking to retire/exit within 2-5 years
- Management team looking for partnership opportunities to grow the business
- Strong next-generation leadership